14-08-2019 19:14 via theguardian.com

Inverted curve proves White House has won its battle with the Fed

WeWork may have left it a tad late for its IPO unless the central bank makes a swift and decisive cutWeWork, the loss-making US office rental company, is planning a stock market launch next month to fund its global expansion. All the signs on Wall Street on Wednesday were that Silicon Valley’s next big thing may have left it a tad late.On a day when global stock markets took a tumble, WeWork will doubtless be hoping that swift and decisive action by the Federal Reserve can hold off a bear
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